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200dma

RCF - Head and Shoulder Chart PatternRashtriya Chemicals and Fertilizers Limited (RCF) has formed a bullish chart pattern called Head and Shoulder. Chart structure is bullish in every point of views like in a daily chart pattern you found RSI above 60 and also above 200 EMA is a very positive signal of uptrend. Head is formed at very important zone which act as a resistance for than a decade almost (14 years). After successfully breakout of important resistance now price retest that level and formed strongest support zone with bullish piercing candlestick in daily timeframe. Change of Polarity, Prior resistance become support. RCF buy above 148 Stop Loss below 142 Target 163 and 186
NSE:RCFLong
by Arvind_Share_Academy
WIPRO LONG TERM INVESTING OPPORTUNITYBullish on Wipro for the long term coz: 1. Rounding Bottom Pattern in Weekly TF. 2. Crossing 200 dema 3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on 4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline **BUY @ 417 **SL @ 395.75 **TGT 1 @ 610 **TGT2 @ 720 **Holding Period is approx 1 yr **RR:13 **Growth Potential 72% ** Note: In rounding bottom pattern, speedy growth happens in the later phase, do not exit early. You can trail your SL but not very tightly as rounding bottom pattern may give deep pullbacks that may through you out of the trade.
NSE:WIPROLong
by jvashisht1
2
Will Bitcoin hit 40k in the coming weeks?Bitcoin made two breakout attempts recently. The second breakout failed and this failure is indicative of more downside in the coming days. Supports that are well in target are just 6 to 8% away and lie close to 49k to 50k. A strong support of rising 200ma is well in sight. This range seems like a good support zone. The confluence of trend line support and moving average may well lead to a short term bounce from this lower range up to 56k. But I truly wonder if the support zone near 50k is going to hold for long. To me a high probability of 40k exists, yet that can only become likely if the support range of 49k to 52k gives away. Why does 40k that seems a fair probability? Generally two quick attempts at the upward breakout have lead to selling pressure. Often it's been seen that if a quick second breakout fails, such failure may very likely to lead to a strong move in the opposite direction of the breakout. With that being said, let's see how the price action shapes out in the coming weeks ahead.
CME:BTC1!Short
by amar_gr
4
All About 200MA |How to use it to take trade with example.Part-2NSE:HINDPETRO All About 200 DMA. How to use it to take Mid/Long term trade. 1) What is 200DMA? It is simple technical analysis tool that is and average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise. 200DMA --> 200 Daily Moving Average 2) 200DMA is the one of the main critical support/resistance that it will work in downtrend or in uptrend. ------------------------------------------------------------------------- How to use it and how to take long term trade? 200DMA as support: If price is above 200DMA then it will work as Support and it is time to buy trade opportunity. Please refer below chart: 1Day Time Frame 200DMA as resistance: If price is below 200DMA then it will work as resistance and it is time to short/sell trade opportunity. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Strategies to Enter and Exit in Trade. Step: 1 Need to find Chart pattern on Daily Time frame, such as bullish flag, triangle, rounding bottom, cup and handle head and shoulder etc… Step: 2 If there is no clear pattern, then judge the price action. If it is trading in uptrend/downtrend parallel channel, if it is in accumulation, if it is in distribution etc…. Step: 3 Find Support and Resistance on Chart Once these 3 steps are clear you have most of all for mid/long term trade. ------------------------------------------------------------------------- NOW Let’s look at example. I am taking HINDPETRO for example. ------------------------------------------------------------------------- For Sell Trade Let’s take Step: 1 So, in below chart we found one pattern which is double top pattern . And it has neckline of 400 level range. Which means on breakdown of 400 level range it will be in down trend/bearish. Please refer below chart: 1Day Time Frame Step 2 is not needed as we already found Pattern. But since we can see the trend is downtrend as we can see long red candle bodies and smaller green candles in comparison. Please refer below chart: 1Day Time Frame Step 3: Please refer below chart for Support and resistance level. We can see that it is having immediate support at 400 level which will be the neckline of double top pattern. And the next level 380 will work as major support, as previously it worked as resistance. One could have taken short trade on breakdown of 400 level with quick target of 380 level only. But safe short trade will be on sustainable breakdown of 380 level. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------------- Now the main point about Target: What can be the Target. There can be two targets 1) Target w.r.t to double top pattern. So it comes as 92 points down from the neckline which will come as 308 level range. Please refer below chart: 1Day Time Frame 2) Targe w.r.t to 200DMA breakdown. In this we have to go back in recent past from where it took support from the 200DMA and find the points it raises from it in uptrend. And the target will be minimum of 60% of those point on downside once it gives breakdown of 200DMA. So, we can see recent rise of 160 points from 200DMA and for downside target we can consider minimum of 60% of these 160 points as our downside target which will be 96 points. Hence our target will come as 304 level. In some cases the target will be same as the rise. SL can be 420 and target will be 304 level. So our Risk reward ratio will be 96 (target points from 400 level) /20 (points up from 400 level) = almost 4.8:1 Please refer below chart: 1Day Time Frame Hope I made it easy to understand. You can refer part-1 of this 200DMA with example of buy trade for the same stock HINDPETRO. Comment your doubt or suggestion if any. **************this is for educational purpose only**************
NSE:HINDPETRO
by Trading_hawk
26
IGL Bouncing off at Multiple SupportsIGL is bouncing off again from its medium term support, same as it did a month and a half ago. The stock bounced off this support the last time, went to the resistance at 580 and came back to its support. The stock's price action today is indicative of a bounce again at this trend line and 200DMA support. The candle formation is also of 'morning star' type with gap up today and volume support. We are bullish on this stock and can see the price going back to 580 resistance zone.
NSE:IGLLong
by vipulmehta817
2
All About 200MA |How to use it to take trade with example.Part-1NSE:HINDPETRO All About 200 DMA. How to use it to take Mid/Long term trade. 1)What is 200DMA? It is simple technical analysis tool that is an average of daily close price of last 200days/candles. It is used to smooth out the price and it will remove the intraday fluctuation noise. 200DMA == 200 Daily Moving Average 2)200DMA is the one of the main critical support/resistance that it will work in downtrend or in uptrend. --------------------------------------------------------------------------- How to use it and how to take trade? 200DMA as support: If price is above 200DMA then it will work as Support and it is time to buy trade opportunity. Please refer below chart: 1Day Time Frame 200DMA as resistance: If price is below 200DMA then it will work as resistance and it is time to short/sell trade opportunity. Please refer below chart: 1Day Time Frame ------------------------------------------------------------------- Steps to follow to find and take Trade. Step: 1 Need to find Chart pattern on Daily Time frame; such as bullish flag, triangle, rounding bottom, cup and handle head and shoulder etc… Step: 2 If there is no clear pattern then Judge the price action. If it is trading in uptrend/downtrend parallel channel , If it is in accumulation , if it is in distribution etc…. Step : 3 Find Support and Resistance on Chart Once these 3 steps are clear you have most of all to take mid/long term trade. ------------------------------------------------------------------- NOW Let’s look at example. I am taking HINDPETRO for example. This Part 1 is with buy trade example. Let’s take Step: 1 So, in below chart we found one pattern which is Cup and Handle Pattern. So, our entry will be on breakout of it. Please refer below chart: 1Day Time Frame Step 2 is not needed as we already found Pattern. Step 3 : Please refer below chart for Support and resistance level. We can see that it is having immediate resistance at 190 level and major resistance at 200 Level. Breakout on 190 level will be quick buy till 200 But safe buy will be on breakout of 200 level with SL just below 190 level which will be 185 level for mid/long term trade. Please refer below chart: 1Day Time Frame -------------------------------------------------------------------------- Now the main point about Target: What can be the Target. As our SL is decided at 185 level. To decide our Target, we can go a back in history where earlier it had taken support at 200DMA and gave bullish rally. So, if we see in month from May to Aug it rallied almost 94.65 points after it took last support in near range from 200DMA. Please refer below chart: 1Day Time Frame So, let’s take target of max 90 points from the level of 200DMA. Level 179 was the level at which it took support from 200DMA and now adding 90points we can see 269/270 as our Target. Let’s consider our buy trade entry at 205 level. And Our Target will be 270 and SL will be 185. Hence our Risk Reward will be 65 (up move) / 20 (down move till SL) = 3.25 : 1 Please refer below chart: 1Day Time Frame Even we can see that stock even move higher than our target. But to get higher target we will need to use FIB Retracement tool. For this article let’s keep it till this. Hope I made it easy to understand. Part 2 for 200DMA short trade with example will be posted separately. Do comment your doubt or suggestions. **************this is for educational purpose only**************
NSE:HINDPETROEducation
by Trading_hawk
12